BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated about 2 years ago,
How often do you come across a great BRRR deal?
Last 3 weeks I have analyzed properties 2h daily. Some days more. Have made a few offers. I know I still have a ways to go. Nothing accepted yet. Got a great team in place, investing at a distance.
How often do you find these great deals?
I feel I might be being too picky. Should I be more flexible with my criteria ?
- post 1950 build
- In a C+ or above neighbourhood
- Cash flow positive
- single or multifamily
-5% vacancy, 10%pm, 15%(cap ex, regular maintenance)
- would prefer a quicker turnover not a full gut rehab
Been looking on market, and my agent brings me some off market deals as well. Looking for any tips to help me secure this first property. Or is this just the process and I just need to stick to it.